Aberdeen Group plc Has $6.63 Million Stake in Copa Holdings, S.A. $CPA

Aberdeen Group plc lifted its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 101.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,300 shares of the transportation company’s stock after buying an additional 28,315 shares during the quarter. Aberdeen Group plc owned about 0.14% of Copa worth $6,632,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in Copa by 56.1% in the first quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock valued at $31,488,000 after buying an additional 122,413 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Copa in the 2nd quarter worth about $77,000. Envestnet Asset Management Inc. bought a new position in shares of Copa in the 2nd quarter worth about $8,634,000. Virtus Family Office LLC lifted its stake in shares of Copa by 310.1% in the 2nd quarter. Virtus Family Office LLC now owns 39,999 shares of the transportation company’s stock valued at $4,398,000 after purchasing an additional 30,246 shares during the period. Finally, Savant Capital LLC acquired a new position in shares of Copa in the 2nd quarter valued at about $240,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Evercore reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Copa in a research report on Friday, February 13th. Itau BBA Securities began coverage on shares of Copa in a research note on Sunday, November 30th. They issued a “market perform” rating for the company. Barclays increased their target price on shares of Copa from $150.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Copa in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.75.

Copa Price Performance

Copa stock opened at $142.01 on Friday. Copa Holdings, S.A. has a 52 week low of $82.54 and a 52 week high of $156.41. The company’s 50 day moving average price is $133.26 and its two-hundred day moving average price is $124.76. The stock has a market cap of $5.85 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.92 and a beta of 0.92. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.65.

Copa (NYSE:CPA) last issued its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.18 EPS for the quarter, missing analysts’ consensus estimates of $4.44 by ($0.26). The business had revenue of $962.89 million for the quarter, compared to analysts’ expectations of $959.22 million. Copa had a net margin of 18.57% and a return on equity of 25.62%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.99 earnings per share. On average, equities analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, February 27th. This is a positive change from Copa’s previous quarterly dividend of $1.61. Copa’s dividend payout ratio (DPR) is presently 39.58%.

Copa Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.